Question

More labor resources—what is the evidence for the United States and Japan?Go to the Bureau of Labor Statistics website at www.bls.gov/ and click on: "Subject Areas" tab; then on "INTERNATIONAL" link; next on "Labor market" (right underneath "International Labor Comparisons"); then on “Tables” found under “Annual labor force statistics”; and scroll down to “Table 12 Working-age population”.

1) Find and list U.S. working age population for all the years listed on that table starting from2005.2) How many more available workers were there at the latest year on the table compared to 2005?3) Do the same for Japan (list data for Japan; how many more available workers they had?).4) Which one had the greatest increase in the number of available workers and thus, the possibility of the greatest outward shift in their nation’s production possibilities curve?